Comparison of Withdrawn and Expired Listings for 22102

Comparison of Withdrawn and Expired Listings for 22102

The changes in the number of Withdrawn and Expired listings from one year to the next or one quarter to the next gives a good indication of sellers’ expectations.

The numbers have been adjusted to exclude the properties that were put back on the market.

From quarter end 3/31/10 to quarter end 3/31/11, the number of withdrawn and expired listings for the price range of $700,000-$899,000 increased from 4 to 10 (or more than double), and for the price range of $1,200,000-$1,499,999 increased from 2 to 12 (or six times). This indicates that more sellers are not getting the prices that they expect and are taking them off of the market.

For the price range of $2,000,000 – $2,499,999, the number of withdrawn and expired listings dropped from 7 to 1. This indicates that more sellers are getting the price that they expect for their houses.

Tania Hosmer

Tania grew up in Northern Virginia and is a life long resident of the area. She has lived in the Reserve in McLean, Virginia with her husband and 2 children since 2001. Tania and her husband Jim purchased their lot in Section 1 of the Reserve in June of 1999 and built their home in the following 18 months. She holds a bachelor’s degree in Physics from Mary Washington College and an MBA in Finance from The George Washington University. Tania began her real estate career over 20 years ago. In addition to real estate sales, her experience includes managing residential renovation projects in the greater Washington area, planning and overseeing new residential construction and managing rental properties. After completing her MBA in 1996, she joined CIG International (a Washington-based residential real estate investment firm) as Vice President where she conducted extensive due diligence investigations of real estate investment opportunities and oversaw ongoing investment projects. Tania became a residential real estate agent in 2006.

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